US prosecutors are contesting the lenient sentencing of HashFlare founders Sergei Potapenko and Ivan Turõgin, who pleaded guilty to wire fraud. The appeal seeks to impose a 10-year prison term instead of the time served sentence handed down by a Seattle judge.
The fraudulent operation reportedly caused $577 million in losses, characterized as a classic Ponzi scheme. Prosecutors argue that the founders misrepresented their mining operations, leading to significant harm to victims.
Leave a Reply